Using Stellar for ICOs

Re:Using Stellar for ICOs by eridius on Wednesday August 02, 2017 @05:32PM (#14914854)

I just read that page and I have no clue what Mobius is actually doing.

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Re:Using Stellar for ICOs by empath75 on Wednesday August 02, 2017 @06:07PM (#14915135)

They slapped a bunch of buzzwords on a page and asked people to give them money for nothing. Like every other ico.

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Re:Using Stellar for ICOs by richardknop on Wednesday August 02, 2017 @05:38PM (#14914898)

The same for me. Apparently they want to "create simple protocols that introduce new standards for cross-blockchain login, payment, governance, and oracles.".

Not sure what that even means. People will shower them with money though I am sure.

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Re:Using Stellar for ICOs by richardknop on Wednesday August 02, 2017 @05:41PM (#14914924)

After reading their whitepaper it seems they want to become Stripe for blockchain.

So they will create JSON API as an abstraction on top of all blockchains.

And you will be able to use this single API to do operations on various blockchains.

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Re:Using Stellar for ICOs by eridius on Wednesday August 02, 2017 @05:54PM (#14915041)

Ok, but why does this require an ICO? Do you have to figure out some way to acquire Mobius tokens before you can use their API? Because that would kind of defeat the point, wouldn't it?

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Re:Using Stellar for ICOs by m1sta_ on Wednesday August 02, 2017 @06:35PM (#14915305)

Isn't the ICO a fundraising structure for the company? It has nothing to do with their product (which is the API/integration platform).

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Re:Using Stellar for ICOs by eridius on Wednesday August 02, 2017 @06:41PM (#14915338)

But the way ICOs work is you offer a token that people pay you for. If your token doesn't actually have any purpose whatsoever, then there's no reason for anyone to buy it.

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Re:Using Stellar for ICOs by wmf on Wednesday August 02, 2017 @07:26PM (#14915598)

Y'all are both right. Some tokens are (theoretically) required to use the app and some tokens will (theoretically) pay dividends like stock shares.

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Re:Using Stellar for ICOs by psyence on Friday August 11, 2017 @02:59AM (#14987244)

Tokens are more than that. They are not only fuel for apps (see: Ether), and "stock shares" that generate dividends (see the "stock split" of Bitcoin Cash and Bitcoin; see also Digital Developers Fund, Metal, and Etherroll, which has already PAID dividends to token-holders), tokens are also mechanisms for self-governance within an organization, required as a proof-of-stake to vote for the decisions the business is going to take (see DistrictOx0. Put more simply, tokens are a new asset class with the best of the old asset classes plus new, upgraded features from the new internet of blockchains.

For being on the y-combinator board some of y'all sure are slow seeing the gravity of the disruption.

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Re:Using Stellar for ICOs by dmitrygr on Wednesday August 02, 2017 @06:30PM (#14915273)

A fool and his money ... you know the rest

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Re:Using Stellar for ICOs by westoque on Wednesday August 02, 2017 @06:39PM (#14915328)

Exactly. I too have no clue. I also read the whitepaper but doesn't go into detail.

I just posted mobius here for reference.

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